Saturday, November 26 2022 Sign In   |    Register
 

News Quick Search


 

News


Front Page
Power News
Today's News
Yesterday's News
Week of Nov 21
Week of Nov 14
Week of Nov 07
Week of Oct 31
Week of Oct 24
By Topic
By News Partner
Gas News
News Customization
Feedback

 

Pro Plus(+)


Add on products to your professional subscription.
  • Energy Archive News
  •  



    Home > News > Power News > News Article

    Share by Email E-mail Printer Friendly Print

    World Bank urges acceleration of solar mini grids to power 490m people by 2030


    September 28, 2022 - SeeNews Renewables

     

      September 28 (Renewables Now) - Solar mini grids can power almost half a billion people by 2030 but to achieve this action is needed to accelerate their deployment, the World Bank said on Tuesday.

      Solar mini grids have become the least-cost source of uninterrupted electricity for towns and cities with no or weak grid connection, with their costs falling to USD 0.38 per (EUR 0.39) kWh now from USD 0.55 per kWh in 2018.

      To help unlock their potential, however, the cost of electricity from solar hybrid mini grids should go down to USD 0.20 per kWh by 2030. Other supportive actions include incorporating mini grids into national electrification plans and devising financing solutions adapted to mini grid projects’ risk profiles, explained Riccardo Puliti, Infrastructure Vice President at the World Bank.

      “Now more than ever, solar mini grids are a core solution for closing the energy access gap,” stated Puliti.

      According to the announcement, about 733 million people, mainly in Sub-Saharan Africa, do not have access to electricity.

      To power 490 million people by 2030, more than 217,000 mini grids will need to be built at the cost of USD 127 billion. At the current rate, 44,800 new mini grids will be built at a cost USD 37 billion which will be only enough to power 80 million people.

      The World Bank’s Energy Sector Management Assistance Programme (ESMAP), has published a book on mini grids, entitled Mini Grids for Half a Billion people: Market Outlook and Handbook for Decision Makers.

      (USD 1 = EUR 1.037)

    TOP

    Other Articles - Utility Business / General


    TOP

       Home  -  Feedback  -  Contact Us  -  Safe Sender  -  About Energy Central   
    Copyright © 1996-2022 by CyberTech, Inc. All rights reserved.
    Energy Central® and Energy Central Professional® are registered trademarks of CyberTech, Incorporated. Data and information is provided for informational purposes only, and is not intended for trading purposes. CyberTech does not warrant that the information or services of Energy Central will meet any specific requirements; nor will it be error free or uninterrupted; nor shall CyberTech be liable for any indirect, incidental or consequential damages (including lost data, information or profits) sustained or incurred in connection with the use of, operation of, or inability to use Energy Central. Other terms of use may apply. Membership information is confidential and subject to our privacy agreement.